A German national who allegedly conducted a Ponzi scheme in Hawaii and then fled to Indonesia is the subject of an FBI manhunt.

Peter Heckman, 63, ran a Ponzi scheme in which he promised investors “guaranteed returns of 10 to 15 percent for terms as short as two weeks,” the FBI said. The scam allegedly fetched at least $1.2 million, and Heckman was indicted on seven counts of wire fraud in 2007.

But Heckman knew that he was under investigation and “fled Hawaii immediately prior to his indictment,” the FBI said, noting it now was offering a “reward of up to $10,000 for information leading to Heckman’s capture.”

In 2010, the agency tracked him to Indonesia, where “he was operating a recording studio and had launched a record label producing albums for musical artists in the Philippines and Indonesia.”

Heckman once operated a “failing recording studio” on the Hawaii island Kauai, the FBI said.

From the FBI (italics added):

Peter Heckman is 63 years old, 5’7” tall, 200 pounds, with gray hair and blue eyes. He is a German national who often uses the first name “Hans” and sometimes spells his last name “Heckmann” to mask his true identity while marketing his recording production services.